LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (8719)	2/17/1999 5:01:00 PM
From: Susan Saline	Read Replies (2) of 43080

if the gold stocks closed green I would be worried, and take out insurance via PDG or NEM but they were not I look at todays action and that of the last couple weeks as healthy profit taking this is a dip in a bull market now where this "dip" ends ... is anyones guess, but if you go look back at the OCT lows ... many stocks are at/near those lows. I would expect we are darn near to the end of gabby's "correction" period Most days the market has buying rally's ... to me ... that shows the traders are ready for the dip to be done. If we get stuck in a stock ... IF ... it's a "good" one ... it will return to it's trend line, and not take forever to do it. sure ... the money is dead in the water for a bit but the "good ones" alweays come back well ... time for a rusty nail ... then to attack the work of tomorrow's plan Sue

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